My personal philosophy is that I am format neutral. For me, the format of the digital file is one of the least significant factors in getting true audio fidelity in the home. Assuming that one has competently engineered and manufactured electronics, which I find to be generally the case, the most significant and most often overlooked factor by audiophiles, is the room itself.
This cannot be stressed enough.
As for the format of the recording, I find that the quality of the recording itself to be far more important than the format. The skill of the recording engineer, the microphones used, the placement of same, the recording venue, the placement of the musicians in that space all trump whether the format is DSD or PCM or analog tape. With great engineering and or course, a light touch by the mastering engineer, all of these formats can yield spectacular results.
This too.
Source: Audio Engineering Matters, Not The Format – Computer Audiophile